E-commerce and E-commerce operator plays a vital role in present market scenario. the related provisions applicable on E-commerce operator under GST are as follows:- Definition of Electronic Commerce and Electronic Commerce Operator : “Electronic commerce” means the supply of goods or services or both, including digital products over digital or electronic network – section 2(44) […]
In re DKMS BMST Foundation India (GST AAR Karnataka) 1. The services of HLA Typing received by DKMS BMST Foundation India from the overseas laboratory is covered under the definition of “health care services by a clinical establishment” and thereby is exempted from IGST leviable thereon and accordingly not taxable in the hands of the […]
In re Sri Basaveshwara Corporation (GST AAR Karnataka) Rate of tax on sale of Poha Bran or Avalakki Bran or Bran of beaten rice which supplied to cattle feed manufacturing unit? Poha bran is nothing but rice bran and is by product of Poha or Avalakki manufacturing process from paddy. Both rice bran and poha […]
GSTN has since resolved two more issues. The issues resolved and the approximate number of ARNs involved thereof are given below: (i) System error while issuing payment orders- 2533 (approx.) (ii) Bank validation issues- 2000 (approx.)
In re Chamundeshwari Electricity Supply Corporation Limited (GST AAR Karnataka) The issue of the exemption activities carried out by the applicant with reference to administration and Pre and Post connection charges towards supply of electricity is pending before Honorable Supreme Court of India vide SLP Diary No.s 24733/2019 dated 09-08-2019. Since the matter is sub-judice therefore […]
In re San Engineering & Locomotive Company Ltd. (GST AAR Karnataka) Whether the supply of powerpacks, freight and insurance service and commissioning/ installation services as per the Purchase Order 08/16/2730/1838/f dated 05.11.2016 has to be treated as “Composite Supply” as defined in section 2(30) of CGST Act, 2017 read with section 8(a) of CGST Act, […]
Article explains amendments by Companies Amendment Bill, 2020 in Section 2(52)- Listed Company, Section 8(11) – Default in compliance of requirements of Section 8 (Formation of Companies with charitable objects), Section 16(1)(b)- Rectification of name of the Company, Section 16(3)- Penal provisions, Section 23(3)-Public Offer an Private Placement, Section 23(4)-Public Offer an Private Placement, Section […]
Recent Changes on GSTN Portal – Additional Facility for Tax Payers 1. Facility for filing GST PMT – 09 (Transfer of Amount) 2. Facility for filing GSTR 3B Return by Electronic Verification Code i.e. EVC (no need for affixing DSC). Recently GSTN portal has rolled out certain changes on GSTN portal for taxpayers. Important changes […]
Assessment of Unregistered person as provided in Section 63 of CGST Act 2017 read with Rule 100 of CGST Rule 2017. Scope: ♠ When the proper officer is in possession of some information and that is material for initiating the proceedings. ♠ The proper officer is vested with the power not only to identify transaction […]
Relaxation in relation to Regulation 44(5) of the SEBI (‘LODR’) 2015 on holding of Annual General Meeting (AGM) by top 100 listed entities by market capitalization, due to the COVID –19 pandemic The pandemic has cast its shadow across various economic activities with massive dislocation in global production, supply chains and trade. In wake of […]
